Things get worse for Facebook post IPO as shareholders sue

Looking back, the technical glitches that delayed Facebook's IPO are starting to seem like an omen. After seeing its shares plummet more than 10% on its second day of trading, the social network -- along with its financial underwriters -- is being sued by its shareholders. According to Reuters, the shareholders claim that Facebook, along with banks like Morgan Stanley hid the social network's weakened growth forecasts ahead of the IPO. The suit was filed today in a New York ...


Social gambling to be worth $100bn by 2017

There's a very fine line between social gaming and social gambling. Think about it. All you have to do is add a wager and one becomes the other. Given that the former is already massive business (It's no accident that Zynga accounts for 12% of Facebook's revenue) it's hardly surprising that the latter is set to follow suit. In fact, tech analysis company Juniper Research reckons that social gambling could be a US$100-billion industry by 2017. It says the surge ...


The future of shopping is mobile

Mobile shopping People are swapping shopping malls for online and virtual stores at a faster rate than ever before. Combine this shift with our increasingly compulsive and indecisive nature, and you can see why online retailers are frantically coming up with new ways to entice people, so they can linger on their sites longer. One way they are doing so this is by focusing on our closest companions: our mobile phones. This echoes one of my favourite lines from Irish comedian Dylan ...


mmMule: Deliver things and have an adventure, do some good

mmmule "For mine is a generation that circles the globe and searches for something we haven't tried before. So never refuse an invitation, never resist the unfamiliar, never fail to be polite and never outstay your welcome. Just keep your mind open and suck in the experience." That quote from the cult movie, The Beach embodies the whimsical spirit of mmMule, a startup that rewards you for delivering things to people on your travels. mmMule is essentially a crowdsourced courier service. As it ...


8 facts about mobile life in Sub-Saharan Africa

Africa Mobile phone penetration continues to grow at a phenomenal rate and that growth means new users, new experiences, new uses and a new world of opportunity. Anyone interacting with this evolving ecosystem needs to understand mobile behaviour and trends. Mobile Life is an annual investigation into the behaviours, motivations and priorities of the world’s mobile phone users, covering 48 000 interviews in 58 countries. In Sub-Saharan Africa, the study includes Cameroon, Cote D’Ivoire, Ghana, Kenya, Nigeria, Senegal, South Africa, ...

Future Trends, Google, News

Google CEO Larry Page spotted rocking Project Glass glasses [Video]

Larry Page Google Project Glass Yes, really. When Google co-founder and current CEO Larry Page stepped on stage to speak at Google Zeitgeist 2012, he wore a pair of the Project Glass glasses. Well, I don't know if you can call it a 'pair' of glasses when technically it's just a set of frames with a small rectangle of glass over one eye, but it seems that Google is slowly releasing prototypes into the wild. Google's innovative glasses, which will theoretically be able to do ...

Google, News

Awesome Google doodle honours synth pioneer

Moog Synthesiser Today's Google doodle is more kinds of awesome than we could count with the collective number of fingers and toes in the office. The internet giant made the playable doodle in honour of Robert Moog's 78th birthday. The electronic music pioneer is responsible for a load of music gadgets including the Minimoog Model D, Minimoog Voyager, Little Phatty, Moog Taurus Bass Pedals, and the Moog Minitaur. Moog's synth engine also powers the Animoog iOS app, which was brought out a ...


IBM bans Siri over fears that she spills secrets

When IBM revealed that it had banned its workers from using Siri, it could easily have been a throwback the halcyon days of its rivalry with Apple. As it turns out however, Big Blue's fears -- that all those queries asked of Siri had to being stored somewhere -- are justified. According to Wired, the validation of IBM's fears is plainly visible in Apple's Software License Agreement: “When you use Siri or Dictation, the things you say will be recorded and ...


FHM model brags about bribing cop in tweet

Oh dear. Another FHM model, another ill-advised tweet. This time though it wasn't anything racist, just a boast about bribing a cop. According to watchdog organisation Corruption Watch, Sabina Essa tweeted about getting out of a speeding fine by bribing a Johannesburg Metro cop. In the tweet, which has subsequently been deleted, she said: “Just got out of a R2 500 fine for going 140 in a 60 zone. R30! Bwahahahaha. I LOVE JMPD.” South African news site IOL reports ...


6 great moments from the 2012 Webby Awards

Webby Awards The Webby's are sometimes referred to as the Oscars of the internet. Thing is, although they've been around for 16 years now (that's a long time in internet years), they still have an element of edginess to them that their film counterparts simply can't compete with. Acceptance speeches are limited to five words, the awards include Meme of the Year -- which went to Nyan Cat and the Hollywood celebrities who come are genuinely there to hang out with ...






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